The iPhone 5S will feature an A7 chip, the world's first 64 bit mobile phone.

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The much-anticipated TouchID feature uses your fingerprint as a security measure. It will be built into the home button of the iPhone 5S.

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A sapphire crystal button, steel ring, and sensor are built into the home button of the iPhone 5S

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Your fingerprint becomes the password for the iPhone 5S

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A chart demonstrates the improved graphics performance of the new iPhone 5S

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The M7 is a new feature - it is a motion co-processor that aggregates and monitors accelerometer, gyro, and compass data. This feature will help the iPhone 5S to better integrate with health and fitness apps.

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The iPhone 5C's camera will feature a new 5-element, Apple-designed lens with f/2.2 aperture and a 15 percent larger sensor.

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Apple announces the new iPhone 5C which will run iOS7

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Phil Schiller announces the new iPhone 5C

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Phil Schiller, Apple's senior vice president of worldwide product marketing, speaks on stage during the introduction of the new iPhone 5c in Cupertino, Calif., Sept. 10, 2013.

Credit: Marcio Jose Sanchez/AP

Phil Schiller, Apple's senior vice president of worldwide product marketing, speaks on stage during the introduction of the new iPhone 5c in Cupertino, Calif., Sept. 10, 2013.

Credit: Marcio Jose Sanchez/AP

Silicon cases come with a microfiber lining and cutouts

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The new phones will cost $99 for 16GB an $199 for 32GB with a two-year contract. The color cases will be an additional $29.